Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let on a new three year lease to the established and well known covenant of Holland & Barrett.
Arranged across ground and first floors, the property is let to Holland & Barrett Retail Limited on a new three year lease expiring 12/03/2027 and paying a rent of £15,000 per annum. The new lease is a renewal and we understand the tenant has been in occupation for 10 years.
Located on the corner of Tenters Street and Newgate Street, the property occupies a prime pitch fronting the partially pedestrianised street.
There may be longer term development potential including the conversion of the upper parts to residential use, this is subject to the existing lease and any requisite consents.
Tenure
Freehold
Tenancy
The property is let in its entirety to Holland & Barrett Retail Limited on a new three year lease expiring 12/03/2027 and paying a rent of £15,000 per annum.
The lease is on full repairing and insuring terms and is a renewal of a previous lease. We understand the tenant has been in occupation for over 10 years.
Holland & Barrett Retail Limited
Planning
Due to government investment in the local area, grants may be available for any future planning consents for conversion to alternative uses. In some cases this funding can be up to 70% of gross cost. Further information can be obtained from info@bishopaucklandtownteam.org
Rent